Demand for modern pet care services have surged which has allowed the owners to provide the best facilities for their pets.
The acknowledgment of western culture and changing ways of life in developing economies, for example, India and China, has expanded the adoption of pet animals. This in result is supporting the growth of pet food, accessories, grooming market and pet healthcare market. Pet ownership is largely considered to be status symbols in emerging economies.Pets likecats and dogs are typically received by the majority of the populace for mental and therapeutic advantages.The pet care industry has grown dynamically over the years due to the change in people’s behavior regarding to pets. It is observed that the large numbers of pet owners at present are the youth. The modern pet owners of are very much attracted to pet loving life style which is far greater than the elders. Pet owners are more attracted towards adopting dog and cat as a pet globally and consider them as their family member apart from this people like to keep fish aquarium at home or offices or at any institutions and variety of birds. The pet service industry has grown dynamically over the years due to the change in people’s behavior regarding pets. It is observed that the large numbers of pet owners at present are the youth.
Pet owners nowadays have been well aware of the pet care services in order to ensure better facilities to be provided to the pets. According to the report, "Asia-Pacific Pet Care Market Outlook, 2027" published by Bonafide research, the market is anticipated to grow at more than 7.5% CAGR for 2022–2027. The market size was calculated to be around USD 19 billion in 2021. This has been largely derived by the dominating acceptance of pet food products. Asia pacific countries have emerged has one of the potential markets for pet food products. This is due to the increasing pet ownership in the countries like China, Japan, Australia, India, Malaysia, Thailand etc. The way humans are following a perfect diet in order to maintain their health the pet owners wanting their pets to be healthy and happy. This leads them to opt for the health, natural and organic food products. Some of the major companies keeping up the competition are Mars Inc., Nestle S.A., Colgate-Palmolive Co., Procter & Gamble Co. etc.
Apart from pet food products the demand of pet services are growing with the time which includes pet health care. Pet accessories, pet grooming etc. pet service market is being well dominated by the advancement in research and the facilities provided in the healthcare services. There is a growing awareness of medical feed additives in therapeutics segment, increase in advanced machinery, recent product launches expansion of companies have let the Asia pacific health care sector to grow. Pet industries have been overreaching their focus on the health and wellness sector by making the operations available online. The access to pet health information online has been much easier with the cloud-based technologies connecting pet owners with veterinarians with the help of various platforms. Expansion of veterinary services by major retailers lets to experience full-service animal hospitals in its platforms.
Along with the health services the pet owners are also attracted much towards pet accessories and grooming services which were just meant for humans some years back. Supplies of such products include a wide range of variants such as lea/tick products, dog chews, cat litter, toys, collars and leashes, bedding, carriers and crates, housing, feeding, and watering devices, litter boxes, etc. E-commerce which has helped to boost the pet food market previously is now contributing majorly to the growth of pet service products in the market. The major factor that has uplifted the sales of non-food product supplies are: firstly the increasing interest in the advancement of technologies and secondly the investment from the powerful pet food marketers now invest more heavily in nonfood products for pets.
How pet grooming has become a trend!
Pet grooming products have been the trending segment of the market which has shown the fastest growth among the other pet service market. This growth has been majorly led by countries like Japan & Australia. One of the trending services that are offered under non-food pet services is the advancement of mobile pet grooming business. Such type of services is rapidly growing in for a lot of reasons. The main advantage of mobile pet grooming is that it is a complete opposite of brick and mortar store; facilities are provided right at the doorstep of the clients. The business owner doesn’t have to pay rents for property or taxes and can work for flexible hours. It is potentially a better option as the pets have the tendency to get stressed out while traveling and may get anxious in the presence of other pets. It also becomes convenient for elderly pet owners who are unable to mobile themselves and poses ease in caring for their pets.
Developing trends in the market
The digitization in the pet products has allowed more and more pet parents to turn towards technology and enhance the bond with their pets. The technology enhancement nowadays is not only limited to human beings but also has made its way for pet products. This advancement in technologies helps the pet owner to get connected with their pets digitally. The innovative smart range of devices offered by the companies led to achieving the goal of the well-being of a pet with a lot of easiness. There has been advancement in technologies such as microchip controlled pet doors and other products like automated litter boxes, feeders, waterers, pet doors, etc.